China Water Affairs (855.HK) buying on the way up since April
Utility firm China Water Affairs Group Limited (855.HK) [MKT CAP 6B] has been buying back at progressively higher prices since April with 1.97 million shares purchased from April 21 to May 6 at $3.37 to $4.01 each or an average of $3.80 each [3MTH -5%(42%)/6MTH -3.5%(26%) 211 FILINGS-AUG 2007]. The trades accounted for 5% of the stock's trading volume. The Group bought shares on every day during that 11-day period. The Company last bought back 964,000 shares from May 3 to 6 at an average of $3.95 each. The repurchases since April were made after the stock rebounded by as much as 26% from $3.19 on March 31. Despite the rebound in the share price, the counter is still down since October 2015 from $4.27. Prior to the repurchases this quarter, the Company acquired 221.5 million shares from June 2011 to May 2014 at $1.80 to $3.15 each or an average of $2.54 each, 32.9 million shares from September to October 2008 at $1.38 to $1.00 each or an average of $1.169 each and 1.25 million shares in 2007 at $4.21 each. Investors should note that Chairman Duan Chuan Liang acquired 9.12 million shares from January 15 to February 29 at $3.23 to $3.50 each or an average of $3.34 each [AI SCORE 4.0; 3MTH -1%(30%)/6MTH -6%(16%) 541 BUYS-2003], which increased his holdings to 469.120 million shares or 30.87% of the issued capital. He previously acquired 2.1 million shares from November to December 2015 at an average of $4.02 each, 34.3 million shares from July to September 2015 at $4.15 to $3.20 each or an average of $3.56 each and 500,000 shares in March 2015 at $3.57 each. Prior to his purchases since 2015, Mr. Duan acquired 22.48 million shares from October to December 2014 at $3.35 to $4.14 each or an average of $3.67 each, 7.76 million shares from March to April 2014 at $2.32 to $2.78 each or an average of $2.52 each and 118 million shares from July 2007 to April 2011 at $5.36 to $0.98 each or an average of $2.49 each. China Water Affairs announced its 1H results in November 2015 with profit attributable to shareholders up by 9.94% to $259.981 million for the 6 months to 30 September 2015. The stock closed at $4.00 on May 6 (Asia Insider News May 7, 2016).
The content on this site, including news alerts, quotes, data and other information, is provided by Asia Insider Limited and its third party content provider for your personal information only, and is not intended for trading purposes. Content on this site is not appropriate for the purposes of making a decision to carry out a transaction or trade. Nor does it provide any form of advice amounting to investment advice, or make any recommendations regarding particular financial instruments, investments or products.
Asia-insider.com does not provide investment advice nor recommendations to buy or sell securities. We do not request personal information in any unsolicited email correspondence with our customers. Any correspondence offering trading advice or unsolicited message asking for personal details should be treated as false and reported to firstname.lastname@example.org.
Neither Asia Insider Limited nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. ASIA INSIDER LIMITED EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE ACCURACY OF ANY THE CONTENT PROVIDED, OR AS TO THE FITNESS OF THE INFORMATION FOR ANY PURPOSE.
Although Asia Insider Limited makes reasonable efforts to obtain reliable content from third parties, Asia Insider Limited does not guarantee the accuracy of or endorse the views or opinions given by any third party content provider. This site may point to other Internet sites that may be of interest to you, however Asia Insider Limited does not endorse or take responsibility for the content on such other sites.
Asia Insider News Alerts
Whilst Asia Insider Limited has used reasonable endeavours to ensure that the information provided by Asia Insider in its news alerts are accurate and up to date as at the time of issue, it reserves the right to make corrections and does not warrant that it is accurate or complete. News will change with time. Asia Insider Limited hereby disclaims all liability to the maximum extent permitted by law in relation to the news alerts and does not give any warranties (including any statutory ones) in relation to the news. This is a free service and therefore you agree by receiving any new alert(s) that this disclaimer is reasonable. Any copying, redistribution or republication of Asia Insider news alert(s), or the content thereof, for commercial gain is strictly prohibited.
Third Party Legal Notices
The HK, Singapore and Australian Substantial Shareholder filings and Company buyback transactions are the copyright of The Stock Exchange of HK Limited, Monetary Authority of Singapore and The Australian Stock Exchange, respectively. It endeavours to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from inaccuracies or omissions.
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Asia Insider content, including by framing or similar means, is expressly prohibited without the prior written consent of Asia Insider Limited. The Asia Insider logo is a registered trademark of Asia Insider Limited.